Updated Mixed-Use Retail
26-28 Norwood Street Everett, MA 02149
26-28 Norwood Street, Everett, MA, 02149
$865,000
For Sale
$865,000
Two street-level retail storefronts in a fully updated mixed-use building with HVAC and plumbing improvements.
Property Size2,448 SF
Price / SF$353.35
Days on Market101
Property Features for 26-28 Norwood Street
General Information
- Standard status
- Active
- Size
- 2,448 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing agency
Be Live in Realty
Listed by
Stephanie Martins
(781) 797-4028
Source
Thepropernest
Added: Apr 12 Updated: Jul 21 at 4:06AM Checked: Jul 21 at 4:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Be Live in Realty
Investment Insights
Based on property information with market context.
26–28 Norwood St is a fully updated mixed-use commercial property featuring two street-level retail storefronts. The building has undergone significant interior and systems improvements, including updated storefronts, new flooring, fresh paint, HVAC upgrades, and plumbing improvements, creating modern, functional spaces for occupancy or investment.
The property is located in the heart of Everett on a high-traffic corridor, with convenient street parking nearby. It is positioned near major routes, public transportation, restaurants, and ongoing development.
The offering includes approximately 2,448 sq ft of well-maintained retail space, with potential for expansion as described in the remarks.
The property is located in the heart of Everett on a high-traffic corridor, with convenient street parking nearby. It is positioned near major routes, public transportation, restaurants, and ongoing development.
The offering includes approximately 2,448 sq ft of well-maintained retail space, with potential for expansion as described in the remarks.
Key Highlights
- 1930‑built mixed‑use commercial property with approx. 2,448 sq ft
- Two street‑level commercial storefronts, ready for occupancy or investment
- Recent updates include new flooring, fresh paint, and updated storefronts
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.8k | $21.96 |
| − Vacancy | −$3.5k | −$1.43 |
| EGI | $50.3k | $20.53 |
| − OpEx | −$15.1k | −$6.16 |
| NOI | $35.2k | $14.37 |
2,448 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$502.6K
$439.8K – $586.4K
NOI $35,185 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,444 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Two street-level retail storefronts in a fully updated mixed-use building with HVAC and plumbing improvements.
Where is this storefront property located?
The property is located at 26-28 Norwood Street Everett, MA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: 1930‑built mixed‑use commercial property with approx. 2,448 sq ft; Two street‑level commercial storefronts, ready for occupancy or investment; Recent updates include new flooring, fresh paint, and updated storefronts
